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    Duties

    Summary

    This position is located in the Policy, Research, and Analysis Department (PRAD).

    More than one selection may be made from this vacancy announcement.

    Learn more about this agency

    Responsibilities

    • As an Actuary in the Policy, Research, and Analysis Department, you may:
    • Provide technical expertise and assistance on the financial impacts of legislative options on current funding and benefit guarantee requirements, including research and analysis of underfunding in PBGC insured defined benefit pension plans.
    • Assist the Pension Insurance Modeling System (PIMS) managers in designing the actuarial components of PIMS and carrying out contractor studies; analyze factors underlying pension issues/problems, formulate approaches, and devise tools and methods.
    • Communicate clearly and effectively in writing, in order to explain technical pension actuarial matters and to present modeling results.

    Travel Required

    Occasional travel - Less than 10%

    Supervisory status

    No

    Promotion Potential

    14

  • Job family (Series)

    1510 Actuarial Science

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    Requirements

    Conditions Of Employment

    • You must be a U.S. citizen
    • You may undergo a personnel security background investigation
    • Selective Service registration required for male applicants, unless exempt
    • 1 year probationary period required unless met during prior Federal service
    • Applicants selected for employment will be required to complete an OF-306

    Qualifications

    All qualification and eligibility requirements must be met by the announcement closing date.

    You may start at $96,970 (GS-13) if you possess the following specialized experience by the closing date of the announcement (in addition to the below education requirement):

    Specialized experience for the GS-13 grade level is defined as one year of experience at the GS-12 grade level in the Federal service or equivalent to the GS-12 grade level in the private sector which demonstrates knowledge of the laws, regulations and policies governing pension plans. Examples may include: reviewing the results of or developing forecasting or economic models under direct supervision; analyzing the output of such models to develop recommendations or policy under direct supervision; calculating pension benefits or liabilities in complex plans to determine pension funding patterns or required contributions: or determining the effects of changes in legal requirements to the liabilities and funding of pensions.

    You may start at $114,590 (GS-14) if you possess the following specialized experience by the closing date of the announcement (in addition to the below education requirement):

    Specialized experience for the GS-14 grade level is defined as one year of experience at the GS-13 grade level in the Federal service or equivalent to the GS-13 grade level in the private sector which demonstrates experience in applying the knowledge of the laws, regulations and policies governing pension plans. Examples may include two or more of the following: reviewing the results of or developing forecasting or economic models; analyzing the output of such models to develop recommendations or policy; calculating pension benefits or liabilities in plans to determine pension funding patterns or required contributions; or determining the effects of changes in legal requirements to the liabilities and funding of pensions.

    Education

    Education requirement: in order to qualify for this position, you must possess:


    A bachelor's degree that included courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer science totaling at least 24 semester hours. This course work must have included a minimum of 12 semester hours of mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites.

    Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.

    In addition, the following actuarial credentials are desired, but not required:  Associate of Society of Actuaries (ASA), Enrolled Actuary (EA), and/or Fellow of the Society of Actuaries (FSA)

    Additional information

    PBGC encourages qualified applicants with disabilities to apply. Applicants with disabilities who are interested in learning more about job opportunities under available hiring flexibilities and authorities are encouraged to contact PBGC’s Selective Placement Program Coordinator, Donald Beasley, at (202) 326-4000 ext. 3637 or schedulea@pbgc.gov. TTY/TDD users should call the federal relay service at (800) 877-8339 and ask to be connected to (202) 326-4000 ext. 3637.

    How You Will Be Evaluated

    THIS VACANCY ANNOUNCEMENT IS BEING ADVERTISED UNDER THE DIRECT HIRE APPOINTING AUTHORITY.

    • There will be no applicant self-assessment or rating and ranking process.
    • You will be evaluated for this job based on whether you meet the minimum qualification requirements listed above.
    • Under the provisions of the Direct-Hire Appointing Authority, veterans' preference does not apply.

    We will review your resume and supporting documentation to ensure you meet the minimum qualification requirements.


    To preview questions please click here.

    Background checks and security clearance

    Security clearance

    Other

    Drug test required

    No

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    Required Documents

    The following documents are required and must be provided with your application for this Public Notice:

    RESUME: You must submit a resume. Your resume should clearly show your possession of the specialized experience so that we can determine your qualifications for this position.  Your resume should be specific to the position you are applying for, relating your skills and experience to those noted in the job posting.  

    COVER LETTER (OPTIONAL): Your cover letter should state your interest in this position and the strengths that you feel will make you an asset to the Pension Benefit Guaranty Corporation.  We will not use your cover letter to determine your qualifications; however, your cover letter will go to the Selecting Official along with your resume if you are referred.  

    TRANSCRIPT(S): This position has a positive education requirement. You must submit transcripts to verify that you meet the education requirement for this position. Information on the specific education requirement can be found under the Qualifications and Evaluations tab in the vacancy announcement. Your transcripts should include course titles, school name/location, date completed, grades, and number of credits earned. Applicants who obtained their qualifying education outside of the U.S. and its territories must provide proof that their degrees have been validated as equivalent to a degree conferred by a college or university in the U.S. Unofficial transcripts may be submitted with your application; however, you must bring official transcripts with your first day if you are hired.

     Failure to submit the required documents will result in an incomplete application.

    If you are relying on your education to meet qualification requirements:

    Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.

    Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

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    Benefits

    A career with the U.S. Government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding.

    Visit PBGC Benefits for information on our Agency Benefits offered.

    https://www.uat.usajobs.gov/help/working-in-government/benefits/

    Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittent. Contact the hiring agency for more information on the specific benefits offered.

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    How to Apply

    In order to be considered, submit all of the required information (including your supplemental documentation) before midnight EST on the closing date. If you are not able to apply online or require reasonable accommodations, contact Brandy Pelham on (202) 326-4110 ext.3177 or at pelham.brandy@pbgc.gov no later than 5:00 p.m. on the day before the closing date of this vacancy announcement. For TTY/TDD users, call the Federal Relay Service toll free at 1-800-877-8339 and ask to be connected to (202) 326-4111. Please complete all the steps in the online application process at USAJOBS (www.usajobs.gov). You may make updates to your information at any time prior to midnight EST on the closing date of this announcement.

    * Register with USAJOBS, which will store your information and resume. You will only need to complete this step once.

    * Locate and review the vacancy announcement on USAJOBS. Click the Apply Online link and then select a resume to submit with your application.

    * Click on "Apply for this Position Now." You will be redirected to our online system.

    * Complete or review the online core questions, which determine the types of positions you are eligible for.

    * Specify which series and grade(s) you wish to be considered for.

    * Complete the online vacancy questions, then click "Finish". You will continue to the Vacancy Documents page.

    * Submit each of the documents that apply to you by upload, USAJOBS, or fax according to the instructions provided.

    *You will then see a summary of your application, including the documents that you submitted. You are strongly encouraged to save or print a copy of this page as proof of submission and receipt of your application and documents.

    *To finish, click "Finish."

    Agency contact information

    Brandy Pelham

    Phone

    202-326-4110 ext. 3177

    Fax

    000-000-0000

    Email

    pelham.brandy@pbgc.gov

    Address

    PENSION BENEFIT GUARANTY CORPORATION
    Human Resources Department
    1200 K Street, NW
    Suite 120
    Washington, District of Columbia 20005
    United States
    Learn more about this agency

    The Pension Benefit Guaranty Corporation (PBGC) has a distinguished and important mission in protecting America's pensions.  At PBGC, you will use your skills in accounting, auditing, business, finance, law, actuarial science, or information technology and more, to protect the retirement income of nearly 40 million hardworking Americas.

    Our work is challenging, compelling, and important. Are you looking for one of the top 5 Federal agencies to work for? Well look no further, the Pension Benefit Guaranty Corporation is recognized as one of the top 10 millennial-friendly places to work. We ranked high on work/life balance, benefits, job security, advancement and organizational culture.

    Next steps

    You are encouraged to complete your USAJOBS personal account completely to receive notifications at each point in the recruiting process. Utilizing this option allows you to review and track the status of your application and receive email notifications from the hiring office.

    You may check the status of your applications by clicking on the My USAJOBS tab at the USAJOBS website.

Fair & Transparent

The Federal hiring process is setup to be fair and transparent. Please read the following guidance.

Equal Employment Opportunity Policy

The United States Government does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy And gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.

Reasonable Accommodation Policy

Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application process should follow the instructions in the job opportunity announcement. For any part of the remaining hiring process, applicants should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.

A reasonable accommodation is any change in the workplace or the way things are customarily done that provides an equal employment opportunity to an individual with a disability. Under the Rehabilitation Act of 1973 the Equal Employment Opportunity Commission (EEOC) must provide reasonable accommodations:

  • An applicant with a disability needs an accommodation to have an equal opportunity to apply for a job.
  • An employee with a disability needs an accommodation to perform the essential job duties or to gain access to the workplace.
  • An employee with a disability needs an accommodation to receive equal access to benefits, such as details, training, and office-sponsored events.

Legal and regulatory guidance

This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/523342000. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.